October 18, 2018

No More Drilling Near Florida

President Obama announced on Wednesday that there will no longer be offshore drilling off the Atlantic Coast or even in the eastern Gulf of Mexico. Since the Deepwater Horizon explosion that killed eleven workers and caused an undersea leak for 87 days, spilling 4.9 million barrels of oil, the Obama administration has changed its mind […]

Oil Spill Costs In Gulf Keep BP’s Profits Down

Although BP was back into the black profit-wise for the third quarter, the costs from the oil spill kept a cap on their net income. Company representatives also indicated the oil giant won’t be rushing back into the Gulf of Mexico any time soon. Profits from the recent third quarter were down over 60 percent […]

New BP Chief Dudley Hopes to Rebuild Trust

On Wednesday, incoming BP chief-executive, Bob Dudley, announced a major changes he will be initiating as a result of the Deepwater Horizon disaster in the Gulf of Mexico oil spill disaster. As a major part of restructuring the company, he plans to establish a formidable safety division. Dudley’s new job will start in two days. […]